DISQUS

Afraid to Trade Blog: Johnson and Johnson JNJ Takes an Unexpected Turn

  • Reggie Perrin · 9 months ago
    Excellent analysis

    It is the false breaks of the "obvious" which have proved so dramatic
  • Corey Rosenbloom · 9 months ago
    True.

    Particularly devastating in this case, considering how well people expect Consumer Staples to hold up in a downturn.
  • henry · 9 months ago
    Yes, but for those who must be in equities, the relative perf chart shows that it still has been a relative winner:
    http://stockcharts.com/h-sc/ui?s=JNJ:SPY&p=...
  • Corey Rosenbloom · 9 months ago
    Henry,

    Agreed, but it - in my opinion - it shouldn't have collapsed as quickly as it did. The RS line has certainly beat that of the S&P.;

    Maybe it would be best as a hedge, as in short SPY and long JNJ.

    I've always found pairs trading interesting.